As another year draws to a close we prepare ourselves for what looks set to be a rather turbulent and unpredictable 2019. Politically, economically, socially and technologically, the year ahead already looks like one that will feature some significant changes. We look at what the coming twelve months may hold in store for the charity sector.
Who received a ‘gift’ and who was left with a ‘lump of coal’ this festive season?...
It’s been over a month since the Chancellor Philip Hammond stood up and gave his Autumn Budget announcements but for individuals there were a number of changes which were announced that are worthy of a reminder. Some of these we were already aware of but there were also a few changes which came as a bit of a surprise.
Selling a business is often a once-in-a-lifetime event and can be stressful for owners, particularly if building that business has been a life’s work – and can impact on loyal customers and a committed workforce.
This article is the third in a series in which we focus on property issues in our bi-monthly e-newsletter for individuals and their families, Pathfinder – personal tax and wealth (sign up here). Over the next few editions of the e-newsletter we will further explore the most common property tax issues our clients are asking us about. Whether a landlord, or simply someone looking to utilise property as an investment for their (and their family’s) future, this series will seek to advise you on your options, and prevent you from falling foul of any unforeseen tax implications!
In this article we look at the tax advantages of investing in a furnished holiday home (FHL)…
December is obviously a period for festive cheer, and not for pondering our demise, however inheritance tax (IHT) planning is an ongoing consideration, and strangely enough the holiday season may present an opportunity to make a tax effective gift.
According to the 2016 Defra Farm Business Survey, over 60% of UK farming businesses have diversified. With more business ventures on farms likely in the future it is important to be clear on the impact any changes will have for inheritance tax purposes.
From April 2019, businesses and landlords with turnover above the VAT threshold (£85,000) will be required to keep accounting records digitally, and file their VAT returns to HMRC through a MTD compliant digital platform.
In this video, Emma Chesson, Head of Online Services, explains what MTD is, why it needs to be taken seriously, how it may impact you and your business and what plans need to be put in place now.